Jibo, Inc., Corporation just filed form D for $28.10 million equity financing. This is a new filing. Jibo was able to finance itself with $13.10 million so far. That is 46.62% of the fundraising. The total offering amount was $28.10 million. The fundraising form was filed on 2016-11-10. The reason for the financing was: The exact Total Amount Sold is $13,099,999.13.. The fundraising still has about $15.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jibo is based in Massachusetts. The firm’s business is Other Technology. The D form was submitted by Steven G Chambers President and Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 230 Congress Street, Boston, Ma, Massachusetts, 02110. Cynthia Breazeal is the related person in the form and it has address: 230 Congress Street, Boston, Ma, Massachusetts, 02110. Link to Jibo Filing: 000163087516000006.
Analysis of Jibo Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Jibo sold 46.62% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 750.65% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Jibo Also
The Form D signed by Steven G Chambers might help Jibo, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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